A Whale Goes 40x Short on BTC, Potentially Betting That BTC Will Not Return to $78,600

BlockBeats News, May 19th, according to Hyperinsight monitoring, a whale with an address starting with 0xcab on Hyperliquid has shorted 100 BTC with 40x leverage, worth approximately $7.7 million. The average entry price is $76,727, with the liquidation price set at $78,580. The current price is 2.18% away from its liquidation price.

Address: 0xcab59c7a92b8f7c4d5cde72bb7669ee7d75b6e6e